McDonald’s Co. (NYSE:MCD) Insider Joseph M. Erlinger Sells 1,099 Shares

McDonald’s Co. (NYSE:MCD) insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the transaction, the insider now directly owns 13,681 shares in the company, valued at approximately $3,557,060. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

McDonald’s Stock Down 0.8 %

Shares of NYSE MCD opened at $251.41 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The business’s 50 day moving average price is $255.85 and its two-hundred day moving average price is $274.06. The company has a market cap of $181.19 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.63 EPS. As a group, research analysts anticipate that McDonald’s Co. will post 12.13 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.66%. McDonald’s’s dividend payout ratio is currently 56.71%.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of McDonald’s in a report on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Truist Financial lowered their price target on McDonald’s from $320.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Bank of America cut their price objective on McDonald’s from $302.00 to $288.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Finally, Stifel Nicolaus lowered their target price on McDonald’s from $285.00 to $265.00 and set a “hold” rating for the company in a research note on Monday. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $308.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at approximately $31,000. Clear Investment Research LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $38,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.